Black Americans are playing a big role in the cryptocurrency revolution, according to the Harris poll, 23 percent of African-Americans own cryptocurrency, compared to 11 percent of white Americans and 17 percent of Hispanics. What’s driving this trend? Some observers point to the inherent advantages of decentralized currencies like Bitcoin and Ethereum for communities that have been marginalized by traditional financial systems. Others suggest that African Americans are simply early adopters of new technologies and trends. Whatever the reason, it’s clear that Black America is playing a key role in shaping the future of crypto.
As more Black Americans are getting into crypto, there is still a need for them to be able to use and access the technology. This means that black-owned cryptocurrency companies and other projects can help make this happen by providing tools and services for these communities. It’s important we take advantage of this opportunity because it could lead to an increase in economic opportunities, financial literacy education amongst others. The right investments now will yield great rewards later on down the line when cryptocurrencies become even more mainstream than they already are today!